Africa stories - Page 11

Investors have signalled a shift away from fintech ventures as fundraising and deal activity in China showed a significant slowdown in the first half of 2019.

IBM Singapore has named Veronica Allen as its new managing director, taking over from Abraham Thomas and reporting directly to the Asia Pacific CEO.

IDC has lowered its forecast for total cloud infrastructure spending for 2019 as the market enters a slowdown period.

The solution uses Hyperledger fabric blockchain to enable financial institutions to facilitate both debit and credit payments, faster.

Data centre solutions specialist EkkoSense welcomes Pete Le Noury as its new chief operations and chief financial officer.

Financial software provider Trintech is expanding globally, with a 60% increase in sales for the first half of 2019.

The acquisition gives Zip exposure to four key geographies – New Zealand, United Kingdom, United States and South Africa.

Virtuozzo Infrastructure Platform combines compute, networking, storage and management in an software-based solution.

Despite a drop in cloud IT infrastructure spending, revenue surged to USD $14.5 billion in Q1 2019, led by Dell with a 17.8% market share.

The company has increased its global network capacity by 40% in just five months, bringing its total egress capacity to 42Tbps.

WaveTech Global acquires Power Analytics' assets and IP, expanding its energy management platform with SaaS solutions and over 20 new patents.

Park Place Technologies appoints Sean Sears as the new managing director for EMEA, focusing on growth, customer satisfaction, and operational efficiencies.

Traditional IT infra spending surged past cloud in late 2018, despite cloud IT revenue growth hitting USD $16.8 billion. Will cloud reclaim the lead?.

Much has been said of its future prominence, but in no other industry is hybrid IT more prevalent now than in the financial services industry.

New data from Synergy shows that if it wasn't for hyperscalers flexing their muscles, the colocation market would remain relatively flat.

Proofpoint found that the education sector was the most targeted of both brute-force and sophisticated phishing attempts.

A new survey reveals there is optimism surrounding the services 5G will enable and the interplay with edge computing, but concerns remain around energy usage.

By providing access to its tech expertise and cloud resources, Alibaba Cloud hopes to promote IT education around the globe.

Service providers account for a growing share of ICT spending, led by a surge of cloud infrastructure spending, according to IDC.

Illumio secures US$65m in funding to expand across Asia Pacific, EMEA, and the US, as demand for micro-segmentation grows.